Veteran investor Peter Brandt suggests that popular meme coin Dogecoin has entered a bull cycle once again. After being stuck in a bear market for over a year until the latest increase.
Dogecoin grew immensely in early 2021, reaching a market cap of $90 billion. However, its wild run stopped last May.
Despite several attempts to exit the massive bear market, Dogecoin’s price continued to fall earlier this year.
However, the latest increase has led to the end of the downtrend. That started all the way in May 2021, according to Brandt, but there’s still the possibility that something could go wrong. Which is why traders should exercise caution.
Dogecoin remains 84.26 percent away from a record high of $0.731578.
The post Peter Brandt, Veteran Investor Believing that Dogecoin’s bear market is over appeared first on Bitcoin Addict.